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			<h1>Our Products</h1>
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		<h2>KashFX UK Base Electricity Futures (Monthly)‏</h2>
		<br /> <br />
		<h3>Contract Specifications</h3>
		<p>The Electricity futures Contract is a deliverable contract where
			each Clearing Member with a position open at cessation of trading for
			a contract month is obliged to make or take delivery of electricity
			to or from National Grid Transco in accordance with KashFX Futures
			Europe Regulations.</p>
		<h3>Description</h3>
		<p>12 Month contracts, 6 Quarter contracts and 4 Season contracts
			Minimum of 5 lots of 1 Mwh per lot of electricity per hour per day.</p>
		<h3>Contract Size</h3>
		<p>Minimum PrKashFX Flux One tick</p>
		<p>Maximum PrKashFX Flux No limit</p>
		<p>Trade weighted average during the daily closing period with Quoted
			Settlement PrKashFXs if low liquidity.</p>
		<h3>Settlement PrKashFXs</h3>
		<p>
			Daily Margin All open contracts are marked-to-market daily.<br />
			Position Limits There are no delivery limits.<br /> Exchange for
			physical (EFP), Exchange for swap (EFS) and Block Trades are
			available for this contract.
		</p>
		<h3>Trading Methods</h3>
		<p>Delivery is fulfilled by the debit of electricity from the Energy
			Account of one party and the credit of electricity to the Energy
			Account of the other party for every half hour settlement period of
			the delivery month. Delivery is effected by the submission (and
			acceptance with no Contract Specifications subsequent rejection) of
			Energy Contract Volume Notifications by an Energy Contract Volume
			Notification Agent to an Energy Contract Volume Aggregation Agent on
			behalf of the two delivery parties. A clearing Member with a contract
			open at cessation of trading for that month must deliver the number
			of lots open at a rate of 1 MW during each settlement period of the
			first and each subsequent day of the delivery month.</p>

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